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materials and finished goods, is one of the key factors contributing to the increased inflation.
In February, Georgia’s inflation rate was also 13.7%.
4.2.2 PPI dynamic
Georgia PPI for industrial products up 19.3% in March
Annual PPI for industrial goods was up 19.3% in March, after a 17.0% growth in the previous month, according to Geostat.
Price changes in manufacturing (+24.3% y/y) and electricity, gas, steam and air conditioning (-7.9% y/y) contributed the most to the overall index change in March.
In April 2021, Georgia’s PPI recorded its highest annual rate in a decade, at 17.5% y/y (3.2% m/m).
4.3 Fixed investment
Georgia’s fixed Georgia’s gross fixed capital formation was at $966.02mn in September capital formation at 2021, a decrease from $1bn in June 2021.
$966mn in Q3
22 GEORGIA Country Report June 2022 www.intellinews.com
